| Nonetheless, auto leasing now accounts for the distribution of more than
one-third of all new cars. Problems with auto leases have been so great that
Jack Norris of the Florida attorney generals office said his state has
recovered millions of dollars for consumers who were defrauded or misled. |
| The Auto Avenger
Get the inside scoup on automotive consumer rebates, factory
to dealer incentives and factory to dealer holdback.
http://pomo.nbn.com/avenger/ |
| LEASE WORKSHOP-Verify your deal with current market data and the best
tools!
MATCHMAKER-LeaseSource matches you with the best lease or purchase deal
or the best dealer in your area. LEASING CLASSROOM-Learn from the
best consumer lease guide on the market.
LEASING NEWSROOM--Expert commentary and the latest leasing news.
ESSENTIAL LINKS--Free auto insurance quotes, free long distance service
comparisons and with links to other financially intelligent sites! |
| Resiudal (The _Automotive Leasing Guide_, which is available from Chart
Software for $13.00 or so [(813) 791-4955]. Sometimes you can get this
info from other sources, for instance _Kipplingers_ listed 24 and 48
month ALG features in their 1996 Auto Buying Guide. Your library might
help, too. Note that this residual is what the banks use, not the
automakers. If the lease is factory subsidized one (known as subvented),
then the residual could be anything. Its generally NOT negotiable.
Residuals change for the different lease terms, of course, as cars rarely
age like fine wine :) |
| WASHINGTON (Reuters)—Two government agencies launched a campaign Tuesday,
December 9, to tell consumers they have a right to know a lot more about
auto leasing, starting next year.
New disclosure rules take effect on Jan. 1, 1998, that will give consumers a
window on auto lease provisions, to combat confusing claims that make it
difficult or impossible to compare competing offers. |
